Article 53YAM Reopening the UK high street will not guarantee a rebound

Reopening the UK high street will not guarantee a rebound

by
Richard Partington Economics correspondent
from on (#53YAM)

Recovery will depend on consumers' personal finances and whether they feel safe

During the coronavirus outbreak, deserted high streets across Britain have been one of the most potent reminders of the economic damage being inflicted by the health emergency.

Retail accounts for about a third of consumer spending in Britain. With much of the high street closed and the economy slumping into the worst recession since 1706, Boris Johnson's plan to reopen non-essential shops from 15 June is key to limiting the hit to jobs and growth.

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